he 10th edition of ILTM Asia opened yesterday with the powerful message that affluent travellers from across Asia are set
It is no secret that Singaporeans enjoy pampering themselves. From vacations to the Maldives or Europe, fine dining at Marina Bay Celebrity restaurants, to shopping at Ion for Louis Vuitton’s latest bags, Singapore’s affluent know how to spend on the finer things in life. This being one of the many reasons luxury brands thrive in Singapore.
BBC World News – Amrita Banta Millionaires’ attitudes towards wealth Click here to watch the video…
BBC World News – Amrita Banta China Luxury Interview Click here to watch the video…
Insights on what the top Affluent spenders in key cities are expected to purchase, how they are expected to make their purchases and how the preferences differ from city to city
The hall under the great dome of the former Soviet Union-styled Shanghai Exhibition Center was decorated with a sense of luxury on Monday.
The scene was set for the International Luxury Travel Market Asia, where hundreds of international suppliers of luxury travel experiences met to tap into the opportunities that China, the world’s fastest growing and biggest market in the niche, has to offer.
The increasingly wealthy consumers of luxurious experiences who dominate Asian markets such as China are the “super lucrative segment” of the middle class now and in years to come, an industry report indicates.
Dubbed “Generation AAA” – referring to aspirational, ambitious and affluent – such customers aged between 18 and 34 have both the financial power and the “attitudinal and behavioral propensity” to travel and spend on luxury, said Amrita Banta, managing director of Agility Research and Strategy, which released the report in Shanghai on Tuesday, as part of International Luxury Travel Market Asia 2015.
World Retail Congress Singapore – March 2015 French Chamber Hong Kong – April 2015 French Chamber Singapore – March 2015
That was one of the findings of a new survey on luxury buying habits published by Singapore-based research and consulting agency Agility Research, which interviewed 3,000 U.S., Chinese, Hong Kong, and Singaporean consumers in the top 25th percentile for household income of their country’s population over the month of October 2014.